Appraisal Institute
- Assets
- $143.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Chicago, IL
- Founding
- 09/1992
- Data as of
- 12/2021
- EIN
- 41-6124081
Organization Overview
Appraisal Institute is located in Chicago, IL. The organization was established in 1992. According to its NTEE Classification (U31) the organization is classified as: Astronomy, under the broad grouping of Science & Technology and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Appraisal Institute is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Appraisal Institute generated $154.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $113.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
EDUCATION-THEAPPRAISALINSTITUTEPROVIDESACURRICULUMOFCOURSESANDSEMINARSFORRESIDENTIALANDCOMMERCIALREALESTATEAPPRAISAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Byron E Miller Sra Ai-Rrs Past President | 1 | $7,800 | |
Wade Becker Mai Director | 1 | $0 | |
David Kunkle Mai Ai-Grs Director | 1 | $0 | |
Patrick Lynch Mai Director | 1 | $0 | |
Erin Waytas Mai Director | 1 | $0 | |
Laura Lamont Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,486 |
| Total Program Service Revenue | $110,643 |
| Membership dues | $38,289 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $154,418 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $29,998 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $83,940 |
| Total expenses | $113,938 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $140,860 |
| Other assets | $0 |
| Total assets | $143,599 |
| Total liabilities | $50,765 |
| Net assets or fund balances | $92,834 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Appraisal Institute Chicago, IL | $143,599 | $0 |
Star Village Inc Union Star, MO | $228,847 | $0 |
Order Of Eastern Star Of Indiana Spencerville, IN | $123,046 | $0 |
Astronomical Society Of Kansas City Blue Springs, MO | $303,826 | $53,657 |
Harmony Grand Chapter Order Of Eastern Star Prince Hall Saint Louis, MO | $64,713 | $59,027 |
Wisconsin Eastern Star Foundation Inc Oconomowoc, WI | $312,113 | $35,023 |
Star Prairie Fish And Game Inc Star Prairie, WI | $176,418 | $0 |
F A Sackett Armstrong Chapel Fund Milwaukee, WI | $226,308 | $46,408 |
Robert And Susan Star Foundation Highland Park, IL | $175,001 | $2,839 |
Order Of Eastern Star Of Indiana Terre Haute, IN | $1 | $0 |
Ancient Astronaut Society Inc Franklin, KY | $0 | $0 |
Chicago Astronomical Society Chicago, IL | $2,946 | $0 |